"Survivor": Millennials vs. Gen X

[Ragnarök_62]

Eric The Green Wrote:Although, as is the case among all of us in the USA, including among Boomers, that "richest" wealth is concentrated at the top.

I think the Silents have the most wealth.

Quote:Although Gen X has had more to lose in the recession, millennials are having the hardest time making economic gains in the first place.

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Uh, not quite. It's location,location,location. Some states' bubbles are larger, some states' bubbles are smaller, the ones in the Oklahoma don't exist at all, go ask Rags'er when he's on the ball.



 

Quote:Boomers are having a hard time being able to retire or keep working. Although this is a generations site, so it is to be expected to attribute conditions and traits to generations, when it comes to the economy and politics, the divide is less between generations, and more between political parties and the red and blue "tribes."

When are you going to blame the Federal Reserve for blowing all of these stupid bubbles?

Quote:That's where we should be placing the "blame;" on the Republicans. It is their policies, and their imitation too often by Democrats, that have brought about less equality and economic mobility in our society, ever since the charming, ruggedly-handsome actor deceived us into adopting trickle-down economics and free trade, and convinced us that government is the problem.

That's one place to point a finger. Here's some more.
1. The Federal Reserve and their EZ money policy.  What a nest of idiots.  Low interest rates DO NOT work in a debt besotted economy.
2. Sally Mae.  Why can't they figure out that degrees in "fashion merchandising" , "general studies", history, etc. won't be enough to pay the loan back.
3. Freddie Mac/Fannie Mae.  Why do these agencies even exist? They do nothing but fuel housing bubbles.